If net income after tax was $10,000, interest expense was $4,000, and
If net income after tax was $10,000, interest expense was $4,000, and taxes were $1,000, what is the net profit margin if sales were $50,000?
A) 10%
B) 30%
C) 22%
D) 28%
E) 20%
ANSWER
E
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